The Internal Audit Activity Performs the Following Sequence of Risk

question 2

Multiple Choice

The internal audit activity performs the following sequence of risk management activities: identification, analysis, and evaluation. According to IIA guidance, which of the following assurance approaches does this describe?

• A) Process elements approach.
• B) Enterprise-wide risk management approach.
• C) Key principles approach.
• D) Maturity model approach.

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Definitions:

Perception of Pain

The subjective experience and interpretation of pain signals by the brain, influenced by various factors.

Hyposecretion

Hyposecretion is the decreased or insufficient secretion of hormones or other substances by a gland.

Thyroid Hormones

Hormones produced by the thyroid gland, crucial for regulation of metabolism, energy, and growth.

Weight Gain

An increase in body weight, which can result from an accumulation of body fat, muscle mass, or fluid retention.